If consumers value the product- specific services for a new smartphone at $25, if retailers offer the product- specific services for the smartphone, the market ________will ________.

Question

Quizplus · Accepted Answer

The question mentions that consumers value the product-specific services at $25, which means that the demand curve for the smartphone will shift to the right if retailers offer these services. This is because consumers will be willing to pay more for the smartphone if it comes bundled with the product-specific services. Hence, the correct answer is option D, i.e., demand will shift to the right.

If Consumers Value the Product- Specific Services for a New